MANNAZ: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MANNAZ
Largest movements
- Cash +€27,627
up €27,627 (+26.1%), from €105,816 to €133,443
mainly Net result for the year (+€27,582) and Depreciation (+€21,674)
- Tangible fixed assets -€19,997
down €19,997 (-5.3%), from €380,292 to €360,294
of which Land and buildings: -€19,296
- Deferred charges and accrued income -€9,024
down €9,024 (-82.7%), from €10,908 to €1,885
- Reserves +€27,582
up €27,582 (+7.2%), from €380,792 to €408,374
of which Distributable reserves: +€25,722
- Other debts -€25,859
down €25,859 (-25.6%), from €101,161 to €75,302
- Gross operating margin +€6,359
up €6,359 (+10.7%), from €59,293 to €65,652
- Taxes +€1,590
up €1,590 (+13.7%), from €11,575 to €13,165
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €510,236 | €511,202 | +€967 | +0.2% |
| Fixed assets | 21/28 | €380,292 | €360,294 | -€19,997 | -5.3% |
| Tangible fixed assets | 22/27 | €380,292 | €360,294 | -€19,997 | -5.3% |
| Land and buildings | 22 | €376,818 | €357,522 | -€19,296 | -5.1% |
| Furniture and vehicles | 24 | €1,937 | €1,960 | +€23 | +1.2% |
| Other tangible fixed assets | 26 | €1,537 | €812 | -€725 | -47.2% |
| Current assets | 29/58 | €129,944 | €150,908 | +€20,964 | +16.1% |
| Amounts receivable within one year | 40/41 | €13,219 | €15,580 | +€2,361 | +17.9% |
| Trade receivables | 40 | €13,219 | €15,580 | +€2,361 | +17.9% |
| Cash at bank and in hand | 54/58 | €105,816 | €133,443 | +€27,627 | +26.1% |
| Deferred charges and accrued income | 490/1 | €10,908 | €1,885 | -€9,024 | -82.7% |
| Total equity and liabilities | 10/49 | €510,236 | €511,202 | +€967 | +0.2% |
| Equity | 10/15 | €399,785 | €427,367 | +€27,582 | +6.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €380,792 | €408,374 | +€27,582 | +7.2% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €380,792 | €406,514 | +€25,722 | +6.8% |
| Profit (loss) carried forward | 14 | €392 | €392 | = | 0.0% |
| Amounts payable | 17/49 | €110,451 | €83,836 | -€26,616 | -24.1% |
| Amounts payable within one year | 42/48 | €110,451 | €83,836 | -€26,616 | -24.1% |
| Trade debts | 44 | €3,251 | €3,852 | +€602 | +18.5% |
| Suppliers | 440/4 | €3,251 | €3,852 | +€602 | +18.5% |
| Taxes, remuneration and social security | 45 | €6,039 | €4,681 | -€1,359 | -22.5% |
| Taxes | 450/3 | €6,039 | €4,681 | -€1,359 | -22.5% |
| Other amounts payable | 47/48 | €101,161 | €75,302 | -€25,859 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,294 | €21,674 | +€380 | +1.8% |
| Other operating charges | 640/8 | €2,600 | €2,689 | +€89 | +3.4% |
| Gross operating margin | 9900 | €59,293 | €65,652 | +€6,359 | +10.7% |
| Operating profit (loss) | 9901 | €35,399 | €41,288 | +€5,889 | +16.6% |
| Financial income | 75/76B | €263 | €458 | +€194 | +73.8% |
| Recurring financial income | 75 | €263 | €458 | +€194 | +73.8% |
| Financial charges | 65/66B | €994 | €999 | +€5 | +0.5% |
| Recurring financial charges | 65 | €994 | €999 | +€5 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €34,668 | €40,747 | +€6,079 | +17.5% |
| Income taxes | 67/77 | €11,575 | €13,165 | +€1,590 | +13.7% |
| Profit (loss) for the period | 9904 | €23,093 | €27,582 | +€4,489 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,093 | €27,582 | +€4,489 | +19.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.